China, the second-biggest sugar consumer, may phase out a stockpiling program that boosted inventories to a record while failing to lift domestic prices, according to an official at the country’s top planning agency.
An instant-message group involving senior traders at banks including Barclays Plc, Citigroup Inc. and Royal Bank of Scotland Group Plc is being scrutinized by regulators investigating potential manipulation of the foreign- exchange market, four people with knowledge of the probe said.
Air quality in the Chinese cities of Beijing, Tianjin and the surrounding province of Hebei failed to meet government standards on 62.5 percent of days in the third quarter, the nation’s environmental ministry said.
Zhengzhou Coal Mining Machinery Group Co. is seeking regulatory approval to sell shares in Hong Kong at more than the standard 10 percent discount to its Shanghai stock, said two people with knowledge of the matter.
The Chinese city of Zhengzhou will help Foxconn Technology Group recruit more than 100,000 workers next year for its local factory, matching the number it helped the maker of Apple Inc. iPhones and iPads hire in 2011.